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Learn Economics

Learn Economics Basics

Economics is defined as the study of how the market process works with the tools, models, and principles. Economics explains how wealth is created and how it has an effect on various participants. Economics can be divided into two parts - Microeconomics and Macroeconomics.

Here you will learn the basics of Economics

Macroeconomics Basics

WHAT YOU'LL LEARN

Macroeconomics is a top-down approach and helps explain the functions of the economy. Here we discuss the top 10 macroeconomic indicators, differences between real GDP and nominal GDP, Monetary Policy vs Fiscal Policy, Current Account vs Capital Account, Balance of Trade and Balance of Payment, Inflation, and Hyperinflation, Postive and Normative Economics and more.

Microeconomics Basics

WHAT YOU'LL LEARN

Microeconomics, on the other hand, is the bottom-up approach and It studies individual behavioral patterns, that of households and corporates, their policies, how they respond to different stimuli etc. Here we discuss what is microeconomics in detail along with its differences with Macroeconomics.